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Olam's 2Q earnings down 36.4% to $94 mil on coffee and peanut business

Samantha Chiew
Samantha Chiew8/14/2018 07:40 AM GMT+08  • 2 min read
Olam's 2Q earnings down 36.4% to $94 mil on coffee and peanut business
SINGAPORE (Aug 14): Olam International says 2Q18 earnings dropped by 36.4% to $93.9 million, compared to $147.7 million in 2Q17.
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SINGAPORE (Aug 14): Olam International says 2Q18 earnings dropped by 36.4% to $93.9 million, compared to $147.7 million in 2Q17.

The weaker bottomline was due to a downcycle in the coffee industry, bad weather conditions in peanut farming in Argentina and lower contribution from edible oils.

The results bring 1H18 earnings to $251.9 million, 13.6% lower than $291.5 million in 1H17.

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